Top Bullboards post: “Depression era had a very quick 30%-33% jump off the bottom (over a few weeks) then fell sharply, yet not breaking first low. It then rallied 48% over the next several months. Will this be a repeat? This would be just way too quick of a run-up to that 50% mark. JMHO (look for DOW 8500-8700 as good short, should history repeat.)” – From gunny74 on the Horizons BetaPro S&P TSX 60 Bear Plus ETF (TSX: T.HXD, Stock Forum) Bullboard.

"Simply beating reduced earnings expectations is helping in the short term but in the long term, one must have earnings and revenue growth, not merely better-than-expected contraction," Dan Greenhaus, market strategist at Miller Tabak told MarketWatch.

New York's Dow Jones industrial average moved down 16.09 points to 8,410.65 after jumping 214 points Monday. The Nasdaq composite declined 9.44 points to 1,754.12 while the S&P 500 index was off 3.44 at 903.8.